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Los Angeles, CA 90064,11340 National BLVD
$3,475,000
Est. payment /mo
$3,995,000
13.0%
Est.Price: ?

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18 Beds
18 Baths
11,112 SqFt
SOLD DATE : 12/19/2024

Key Details

Sold Price $3,475,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 11,112 sqft

Price per Sqft $312

MLS Listing ID 24369447

Bedrooms 18

Year Built 1969

Lot Size 8,385 Sqft

Property Description

Prime Mar Vista location and excellent value-add opportunity offered at 11340 National Blvd.! This 11-unit Mar Vista multifamily asset offers savvy investors significant upside potential through its unique layout and below-market rents. At least 2 units will be delivered updated & vacant, a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 1 one-bedroom, 2 one-bedroom + den, 6 two-bedrooms & 2 two-bedroom plus den. This boutique 11,112 sq ft building includes desirable amenities like on site parking/laundry and sits on an 8,382 sq. ft. lot. The prime Mar Vista location provides walkable access to restaurants, shopping, entertainment, and quick freeway access and is zoned for the coveted Mar Vista Elementary School. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable Mar Vista! This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. Currently 2 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. Laundry Income is approx. $1,600/year.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Laundry Common Area, In Garage

Exterior

Parking Features Attached Carport, Controlled Entrance, Community Structure

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Heather Shawver • Compass
Bought with Orrin Karp • North Real Estate Services
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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